Insights & News

Churchill Filestore was acquired by PHS Group

International M&A specialist, BCMS Corporate, has completed the sale of Churchill Filestore, a record management company, to the PHS Group.

Filestore is a regional provider of record management services. The company, which has over 100,000 square feet of storage space, is home to 28 staff and serves sectors which include healthcare, professional services, local government and defense.

Recently, the owners of Filestore expressed a desire to retire from the business and turned to BCMS Corporate to identify a buyer who could not only continue to develop the business, but also maintain the high levels of customer service that the company prides themselves on.

BCMS Corporate took Churchill Filestore to market by identifying a very targeted list of potential acquirers, and the response was deafening. BCMS and the owners of Filestore agreed to limit meetings to only the most promising acquirers that would offer idealistic synergies – as well as preservation of Filestore’s reputation and level of service.

Glen Mallaby, Deal Leader at BCMS Corporate said of the deal, “The quality of the Filestore business was such that we were always confident of attracting strong trade interest, which proved to be the case. With the PHS Group’s complementary support services, we believe we have found an excellent fit.”

The PHS Group is one of the largest companies specializing in workplace services to businesses. The acquirer also has a dedicated document, record and data storage division - PHS records management.

BCMS Corporate is a leading, independent middle market advisor with over 20 years of excellence serving clients worldwide. It is focused exclusively on the middle market, advising clients on sell side transactions, acquisitions, and private placements of debt and equity. The firm’s unique understanding of private company owners’ objectives and issues facing private companies during the transaction process has enabled BCMS to successfully execute over 400 transactions across a diverse group of sectors. BCMS currently employs over 200 professionals with offices in North America (New York, Dallas / Fort Worth, Los Angeles and Calgary), Europe, and Asia.